Kapitalo Investimentos Ltda Acquires Shares of 4,524 First Industrial Realty Trust, Inc. (NYSE:FR)

Kapitalo Investimentos Ltda bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,524 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centersquare Investment Management LLC grew its holdings in First Industrial Realty Trust by 8.4% during the 1st quarter. Centersquare Investment Management LLC now owns 4,932,306 shares of the real estate investment trust’s stock worth $259,143,000 after acquiring an additional 380,805 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $2,824,000. DekaBank Deutsche Girozentrale increased its holdings in shares of First Industrial Realty Trust by 32.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 89,195 shares of the real estate investment trust’s stock valued at $4,567,000 after purchasing an additional 21,767 shares in the last quarter. Tidal Investments LLC raised its position in First Industrial Realty Trust by 29.6% in the 1st quarter. Tidal Investments LLC now owns 53,015 shares of the real estate investment trust’s stock worth $2,785,000 after purchasing an additional 12,097 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in First Industrial Realty Trust by 163.9% during the 1st quarter. National Bank of Canada FI now owns 475,000 shares of the real estate investment trust’s stock worth $24,956,000 after buying an additional 295,000 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays lifted their target price on First Industrial Realty Trust from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Royal Bank of Canada boosted their price objective on First Industrial Realty Trust from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Truist Financial raised their target price on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Tuesday, August 13th. Finally, Mizuho lifted their target price on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.92.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $55.91 on Thursday. The stock’s fifty day simple moving average is $55.39 and its 200 day simple moving average is $51.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $7.40 billion, a PE ratio of 25.76 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 12 month low of $40.44 and a 12 month high of $57.35.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. The business had revenue of $164.10 million for the quarter, compared to analyst estimates of $163.48 million. During the same period in the prior year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts predict that First Industrial Realty Trust, Inc. will post 2.62 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 2.65%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 68.20%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.